Scope, a word which gives us millions of hopes is even present in various industries across the world. There are many things present in the industry which by some are seen as having no scope and thus discarded.

Market Scenario:

Like in many countries, paper is being discarded to a greater extent and everything is digitalized unlike in country like India. India is one among the diverse countries which has still not discarded paper in spite of researchers (around the globe) predicting that the paper would be diminished in just a matter of few years.

Will it really?

So, the point here is that “is there really scope of paper in a country like India? Will the paper industry lose its significance entirely?”

Well the answer is a big no. Paper Industry will actually survive in the highly competitive market and will not shut down for at least say of 20-30 years. And there are many reasons because of which the paper industry will be surviving against all the odds.

Illiteracy:

India is still a country where there is much of illiteracy and so majority of people use vernacular newspaper as source for use. And majority of the records maintained in some organizations are still on paper. Not all of them have still adopted the electronic form of having records.

So, the Digital India vision by the Prime Minister of the country will be at hold for few years.

Packaging:

There is very demand for paper packaging products in India. The country has somewhat noticed an increased trend in the usage of folding cartons. The increase in the folding carton has been observed on account of factors such as increasing Fast Moving and Consumers Good (FMCG) and food & beverages sector.

The corrugated box market has been increasing because of the country’s logistics sector and escalating exports in the country. Companies have even started using the recycled biodegradable paper tissues, toilet paper and saving a lot of money.

Employment:

Presently, there are over 750+ pulp and paper mills in India and it includes both small and medium sized paper mills in India. According to report published by TechSci Research “India Paper Industry Forecast & Opportunities, 2017” the paper industry in India is expected to grow at the CAGR of around 9.6% during the year 2012-2017. The CAGR of 9.6% will be making the revenue of around USD 11 Billion by 2017.

So, the employment of many people is at stake with the diminishing of paper industry.
Several of the major players in the paper industry of India include BILT, ITC, APPM, SPB, TNPL, Rainbow Papers, JK Papers Ltd., Century Pulp and Paper, The West Coast Paper Millis Ltd., Hindustan Paper and Abhisek Industries Ltd.